Oct
17
Berkadia Tapped to Seek $650M for San Diego Project
ByThe eight-block Manchester Pacific Gateway will eventually encompass 2.8 million square feet of hotel, office and retail space. The location is reportedly the largest undeveloped urban waterfront site on California’s coast.
A joint venture led by Manchester Financial Group tapped Berkadia Hotels and Hospitality to source a $650 million construction loan for the $1.3 billion Manchester Pacific Gateway project located on San Diego’s waterfront.
The 12-acre downtown bayside site reportedly is the largest undeveloped urban waterfront site on California’s coast and will eventually encompass 2.8 million square feet of hotel, office and retail space. The location is bounded by Broadway, Harbor Drive and Pacific Highway and is adjacent to the U.S.S. Midway Museum…
